Soros - Stimulus the answer not Austerity

John_Pierpoint

greenbubble wrote: »

http://www.gfmag.com/gdp-data-country-reports/281-ecuador-gdp-country-report.html

at first glance over the last three years they have experienced reducing inflation .

not sure on the validity of the data , but i guess they wont be too upset at the rising cost of oil.

green

An oily banana republic, unable to refine & add value to its oil?!

Exports:
petroleum, bananas, cut flowers, shrimp, cacao, coffee, hemp
Imports:
industrial materials, fuels and lubricants, non-durable consumer goods.

Selling its soul to China? (Source NY Times 18 months ago)
China has been negotiating deals to double a development fund in Venezuela to $12 billion, lend Ecuador at least $1 billion to build a hydroelectric plant, provide Argentina with access to more than $10 billion in Chinese currency and lend Brazil’s national oil company $10 billion. The deals largely focus on China locking in natural resources like oil for years to come.